Daily Archives: Oct 14, 2017 at 07:38 am EST

Book Bits | 14 October 2017

The Captured Economy: How the Powerful Enrich Themselves, Slow Down Growth, and Increase Inequality
By Brink Lindsey and Steven Teles
Summary via publisher (Oxford University Press)
For years, America has been plagued by slow economic growth and increasing inequality. Yet economists have long taught that there is a tradeoff between equity and efficiency-that is, between making a bigger pie and dividing it more fairly. That is why our current predicament is so puzzling: today, we are faced with both a stagnating economy and sky-high inequality. In The Captured Economy , Brink Lindsey and Steven M. Teles identify a common factor behind these twin ills: breakdowns in democratic governance that allow wealthy special interests to capture the policymaking process for their own benefit.
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